Considering that the Philippine Peso merely fiat money, and considering that we are affected by the global economic crisis brought about by COVID 19 pandemic, why can't the Philippine Government just print money through the Banko Sentral ng Pilipinas so Filipinos could increase their wealth?

Considering that the Philippine Peso merely fiat money, and considering that we are affected by the global economic crisis brought about by COVID 19 pandemic, why can't the Philippine Government just print money through the Banko Sentral ng Pilipinas so Filipinos could increase their wealth?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter29: Exchange Rates And International Capital Flows

Section: Chapter Questions

Problem 8SCQ: A central bank can allow its currency to fall indefinitely, but it cannot allow its currency to rise...

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Considering that the Philippine peso merely fiat money, and considering that we are affected by the global economic crisis brought about by COVID-19 pandemic, why can't the Philippine Government just print more money through the Bangko Sentral ng Pilipinas so Filipinos could increase their wealth?
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